Singapore is “one step closer to dawn”, according to DBS Group Research analysts Yeo Kee Yan and Janice Chua, after companies’ earnings in 2Q20 bore the brunt of the global lockdowns with a sharp 14.9% cut in FY20F earnings for stocks covered by the bank. “With global economies reopening, ma...

Singapore is still in Phase 2 of reopening the economy and businesses are slowly getting used to the new normal and are adapting well. This is apparent especially with the local REITs, as analysts are gaining more confidence in the sector and are venturing out of their safe zone to invest more in ot...

The Covid-19 pandemic has heavily affected the hospitality industry worldwide, and Singapore is no exception. The hospitality REITs continued to bear the brunt of the pandemic as their 1H20 results were rather lacklustre and came in below OCBC Investment Research’s expectations. This was due to a ...

The Straits Trading Company Limited reported earnings of $5.5 million for 1H20 ended June, down 87.1% from the $42.5 million a year ago. The group said that the lower earnings were due to the lower valuations of investment properties, losses in its hospitality associate, disruptions in the supply an...

Analysts appear mixed on Far East Hospitality Trust (FEHT), following its performance for 1H2020 ended June. The trust’s distribution per unit (DPU) fell 43.4% to 1.03 cents in 1H2020, from the 1.82 cents disbursed in the year earlier. Distributable income correspondingly fell 26.5% y-o-y to $25.7...

FAR East Hospitality Trust's (Far East H-Trust) distribution per stapled security (DPS) fell by 43.4 per cent to 1.03 Singapore cents for its first half ended June 30, 2020, from 1.82 cents a year ago.

The manager of Far East Hospitality Trust (FEHT) has declared a distribution per unit (DPU) of 1.03 cents for 1H20 ended June, some 43.4% lower than the DPS of 1.82 cents a year ago. Income available for distribution for 1H20 fell 26.5% y-o-y to $25.7 million. Due to the impact from the Covid-19 pan...

SINGAPORE (July 21): CGS-CIMB analysts Eing Kar Mei and Lock Mun Yee have lowered their industry revenue per available room (RevPAR) growth forecast for Singapore REITs (S-REITs) to 40-50% from 60-70%. This is due to a weaker-than-expected recovery in tourist arrivals for 2H20. The analysts say thei...

CGS-CIMB on Monday reiterated its "add" call on Ascott Residence Trust (ART), CDL Hospitality Trusts (CDLHT) and Far East Hospitality Trust (FEHT), saying the market had priced in potential downside risks.

SINGAPORE (July 6): Singaporeans feverish with cabin fever have further reason to rejoice as the Singapore Tourism Board (STB) announced on Friday (July 3) that it would be allowing hotels to open for staycations and recreational areas for children.  Businesses in the tourism and hospitality in...